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RE: STEEM DOLLAR Peg Debate : Stakeholder Analysis

in #steem7 years ago

What do you mean? We're gonna artificially control the price? No way in hell, at least if that's what your suggesting.... we should let the market determine the price, if we give someone the power to control the price....well just look at what government does when they artificially control and change things.....

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There are already a few mechanism for price control in the Witnesses settings. They were actually built in.

This is not a free market issue, it's a system design issue. SBD was designed to be a stable currency and redeemable for $1 USD worth of STEEM. It is no longer stable and it is no longer being redeemed for STEEM, so what is it's purpose?